Which of the following would tend to decrease the demand for carpenters?
a. An increase in the wages of carpenters.
b. An increase in the price of houses.
c. A decrease in the demand for houses.
d. An increase in the supply of carpenters.
C
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Joann has just lost her job because her company was faced with more foreign competition and decided to restructure, which reduced the number of jobs at the company. Joann is
A) cyclically unemployed. B) internationally unemployed. C) structurally unemployed. D) transported unemployed. E) frictionally unemployed.
Barter may be the only alternative: a. if the supply of money dries up. b. if the price system is not allowed to function properly. c. if disinflation sets in
d. if hyperinflation sets in. e. if fiat money is discontinued.
An increase in human capital would lead to
a. a decrease in the standard of living b. an upward shift of the production function c. a decrease in productivity d. cutbacks in government skill-training programs e. a decrease of the capital stock
Binding price floors cause a surplus in the market
a. True b. False Indicate whether the statement is true or false